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Required Information [The following information apples to the questions displayed below] The following transactions apply to Wainut Enterprises for Year 1, its first year of operations 1. Recerved $40,500 cash from the issue of a short-term note with a 6 percent interest rate and a one-year maturity The note was made on Apnil 1, Year 1 2. Recelved $119,000 cash plus applicable sales tax from performing services. The services are subject to a sales tax rate of 6 percent 3. Pald $70,500 cash for other operating expenses during the year. 4. Pald the sales tax due on $99,000 of the service revenue for the year Sales tax on the balance of the revenue is not due until Year 2 5. Recognized the accrued interest at December 31. Year 1 The following transactions apply to Wainut Enterpises for Year 2 1. Paid the balance of the sales tax due for Year 1. 2. Recelved $144,000 cash plus applicable sales tax fromberforming services. The services are subject to a sales tax rate of 6 percent. 3. Repaid the principal of the note and applicable interest on Apri 1, Year 2 4. Paid $83,500 of other operating expenses during the year. 5. Pald the sales tax due on $119,000 of the service revenue. The sales tax on the balance of the revenue is not due until Year 3 . (For all requirements, round your intermediate ond final answers to the nearest whole doliar amount) c-1. Prepare an income statement for Year 1 c-2. Prepare a statement of changes in stockholders' equity for Year 1 c-3. Prepare a balance sheet for Year 1 c-4. Prepare a statement of cash flows for Year 1 Prepare a statement of cash flows for Year 1. (Enter cash outflows and amounts to be deducted with a minu

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